The GBPUSD price bounced downwards strongly yesterday to succeed achieving our waited target at 1.2566$, and the price finds solid support there to show some slight bullish bias, while we suggest resuming the negative trades to break this level and achieve additional negative targets that extend to 1.2505$ followed by 1.2460$.
On the other hand, we should note that the continuation of the rise and breaching 1.2615$ will lead the price to achieve intraday gains and head to test 1.2735$ areas again before any new attempt to decline.
The expected trading range for today is between 1.2500$ support and 1.2660$ resistance
Trend forecast: Bearish
